Natuzzi Received Continued Listing Standard Notice from the NYSE

The Company Notified the NYSE that It Intends to Regain Compliance
within the Prescribed Timeframe

December 28, 2018 11:46 AM Eastern Standard Time

SANTERAMO IN COLLE, Bari, Italy--(BUSINESS WIRE)--Natuzzi S.p.A. (NYSE:NTZ) (“Natuzzi” or the “Company”) announced
today that on December 26, 2018 it received notice from the New York
Stock Exchange, Inc. (the “NYSE“) that the Company is no longer in
compliance with one of the NYSE’s continued listing standards for a
listed company, particularly, the average closing price of the Company’s
American Depositary Receipts (“ADSs”) was less than US$1.00 over a
consecutive 30-trading day-period. NYSE notified the Company that it
would be delisted if it is not able to comply with the NYSE continued
listing standards within the applicable six-month cure period. The
issuance of the notification is not discretionary and is sent
automatically when a listed company’s share price falls below the NYSE’s
minimum price listing standard.

The Company has a six–month cure period, which expires on June 26, 2019,
to cure the deficiency and can regain compliance at any time during this
six-month cure period if on the last trading day of any calendar month
during the cure period the Company has a closing share price of at least
US$1.00 and an average closing share price of at least US$1.00 over the
30 trading-day period ending on the last trading day of that month. In
the event that, at the expiration of the six-month cure period, both a
US$1.00 closing share price on the last trading day of the cure period
and a US$1.00 average closing share price over the 30 trading-day period
ending on the last trading day of the cure period are not attained, the
NYSE will commence suspension and delisting procedures.

The Company notified the NYSE on December 27, 2018 that it intends to
cure this deficiency within the prescribed timeframe. Until then, the
Company’s shares will continue to be listed and traded on the NYSE,
subject to compliance with other NYSE continued listing standards. The
Company is currently in compliance with all other NYSE continued listing
standards.

The NYSE notification does not affect the Company’s Securities and
Exchange Commission reporting requirements or its business operations
and does not conflict with or cause an event of default under any of the
Company’s material debt or other agreements.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements set forth in this press release constitute
forward-looking statements within the meaning of the safe harbor
provisions of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. These
statements involve risks and uncertainties that could cause the
Company’s actual results to differ materially from those stated or
implied by such forward-looking statements. More information about the
potential factors that could affect the Company’s business and financial
results is included in the Company’s filings with the Securities and
Exchange Commission, including the most recent Company’s Annual Report
on Form 20-F. The Company undertakes no obligation to update any of the
forward-looking statements after the date of this press release.

About Natuzzi S.p.A.

Founded in 1959 by Pasquale Natuzzi, Natuzzi S.p.A. is Italy’s largest
furniture house and one of the most important global player in the
furniture industry with an extensive manufacturing footprint and a
global retail network. Natuzzi is the Italian lifestyle best-known brand
in the upholstered furnishings sector worldwide (Brand Awareness
Monitoring Report - Ipsos 2016) and has been listed on the New York
Stock Exchange since 13 May 1993. Always committed to social
responsibility and environmental sustainability, Natuzzi S.p.A. is ISO
9001 and 14001 certified (Quality and Environment), OHSAS 18001
certified (Safety on the Workplace) and FSC® certified
(Forest Stewardship Council).